Promoters buy 10,000 shares in this small-cap company, stock rebounds from day’s low: Do you own it?
The stock remains around 25 per cent below its 52-week high of Rs 511 on the BSE, indicating potential upside if market sentiment improves.
Indian benchmark indices continued their downward trend, tumbling around 1 per cent today due to weak global cues, persistent concerns over a potential trade war between the US and other major economies, and relentless foreign capital outflows. While bearish investors hesitated in selecting stocks for fresh investments, Kilburn Engineering Ltd attracted significant attention as it made headlines with a key development.
Firstview Trading Private Limited, a promoter entity, executed an open market purchase of 10,000 equity shares of the company on February 21, 2025. Prior to this acquisition, the promoter held a 31.64 per cent stake, which marginally increased to 31.66 per cent post-transaction. Promoter share purchases are often perceived as a strong indicator of confidence in the company’s long-term growth and valuation. Such transactions suggest that insiders believe the stock is undervalued and poised for future appreciation. Additionally, an increase in promoter holding strengthens alignment between company insiders and investors, mitigating corporate governance concerns and fostering greater market confidence.
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Kilburn Engineering’s stock, which initially plunged around 4 per cent in early trades, witnessed strong buying interest, recovering from the day’s low and trading in green territory. Despite this rebound, the stock remains around 25 per cent below its 52-week high of Rs 511 on the BSE, indicating potential upside if market sentiment improves.
With a legacy spanning over four decades, the company has established itself as a trusted name in designing and manufacturing critically customized equipment for specialized applications across multiple industrial sectors. These include specialty chemicals, pharmaceuticals, oil and gas, steel, nuclear power, petrochemicals, and food processing, among others. Given its strong industry presence and renewed investor interest, Kilburn Engineering remains a stock to closely monitor in the upcoming trading sessions.
Disclaimer: The article is for informational purposes only and not investment advice.